Gold in unwrought forms non-monetary710812 (Harmonized System 1992 for 6-digit)
World Trade (2018): $235B, Rnk 8 / 4726
Top Exporter (2018): $55.5B, Switzerland
Top Importer (2018): $60.3B, Switzerland
Product Complexity (2018): -2.37, Rnk 2688 / 2722
Export Growth (CAGR)(2017 - 2018): -9.99%, Rnk 4319 / 4726
Mean Tariff (2018): 4.54%, Rnk 4483 / 6538
Share of World Trade (2018): 1.28%, Rnk 8 / 4726
Overview: This page contains the latest trade data of Gold in unwrought forms non-monetary. In 2018, Gold in unwrought forms non-monetary were the world's 8th most traded product, with a total trade of $235B. Between 2017 and 2018 the exports of Gold in unwrought forms non-monetary decreased by -9.99%, from $262B to $235B. Trade in Gold in unwrought forms non-monetary represent 1.28% of total world trade.
Exports: In 2018 the top exporters of Gold in unwrought forms non-monetary were Switzerland ($55.5B), United Kingdom ($19.3B), United States ($17.8B), United Arab Emirates ($14.6B), and Canada ($12.4B).
Imports: In 2018 the top importers of Gold in unwrought forms non-monetary were Switzerland ($60.3B), China ($28.6B), India ($23.9B), United Arab Emirates ($22.1B), and Hong Kong ($19.7B).
Tariffs: In 2018 the average tariff for Gold in unwrought forms non-monetary was 4.54%, been the 4483 lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Gold in unwrought forms non-monetary are Angola (50%), Ethiopia (34.7%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), South Africa (0%), United Arab Emirates (0%), and China (0%).
Ranking: Gold in unwrought forms non-monetary ranks 2688th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): Switzerland, $55.5B
Top Destination (2018): Switzerland, $60.3B
Gold in unwrought forms non-monetary are the world's 8th most traded product.
In 2018, the top exporters of Gold in unwrought forms non-monetary were Switzerland ($55.5B), United Kingdom ($19.3B), United States ($17.8B), United Arab Emirates ($14.6B), and Canada ($12.4B).
In 2018, the top importers of Gold in unwrought forms non-monetary were Switzerland ($60.3B), China ($28.6B), India ($23.9B), United Arab Emirates ($22.1B), and Hong Kong ($19.7B).
Trade by country
Top Origin Growth (2017 - 2018): Canada, $5.67B
Top Destination Growth (2017 - 2018): United Arab Emirates, $7.18B
Between 2017 and 2018, the exports of Gold in unwrought forms non-monetary grew the fastest in Canada ($5.67B), United Kingdom ($5.01B), Guinea ($2.19B), Venezuela ($2.18B), and Uganda ($1.13B).
Between 2017 and 2018, the fastest growing importers of Gold in unwrought forms non-monetary were United Arab Emirates ($7.18B), United Kingdom ($5.54B), Saudi Arabia ($3.21B), Singapore ($2.74B), and France ($2.48B).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Gold in unwrought forms non-monetary.
In 2018, market concentration measured using Shannon Entropy, was 4.75. This means that most of the exports of Gold in unwrought forms non-monetary are explained by 26 countries.
TOP NET EXPORTER (2018): South Africa, $10.6B
TOP NET IMPORTER (2018): China, $27.2B
This map shows which countries export or import more of Gold in unwrought forms non-monetary. Each country is colored based on the difference in exports and imports of Gold in unwrought forms non-monetary during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Gold in unwrought forms non-monetary were South Africa ($10.6B), United States ($9.79B), Canada ($7.58B), Peru ($7.06B), and Japan ($4.9B).
In 2018, the countries that had a largest trade value in imports than in exports of Gold in unwrought forms non-monetary were China ($27.2B), India ($23.9B), Hong Kong ($9.6B), United Arab Emirates ($7.46B), and Turkey ($6.3B).
In 2018, the average tariff for importing Gold in unwrought forms non-monetary was 4.54%. The countries with the highest tariffs for importing Gold in unwrought forms non-monetary were Angola (50%), Ethiopia (34.7%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%).
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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